Reset Means Crash of Epic Proportions - David Stockman
Stockman thinks there will be a "50% to 75% correction in the financial markets." Stockman contends, "The only asset that has held its value over time is gold." Stockman recommends everybody should be holding some gold as insurance against the coming "reset."
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David Stockman is a former Republican congressman from Michigan and was President Reagan's budget director from 1981 to 1985. After leaving the White House, Stockman became a managing director at Salomon Brothers, and he later founded a private equity fund. David is the founder of David Stockman's Contra Corner, and he is the author of The Great Deformation: The Corruption of Capitalism in America